Truist lowered the firm’s price target on Red Rock Resorts (RRR) to $45 from $56 and keeps a Hold rating on the shares. The firm says that tariff uncertainty has re-rated its coverage lower – suggesting less confidence in estimates. Nonetheless, Truist thinks Gaming is among the best positioned sub-sectors within a perhaps more mixed consumer sector.
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Read More on RRR:
- Red Rock Resorts price target lowered to $54 from $58 at Barclays
- Red Rock Resorts price target lowered to $55 from $59 at Citizens JMP
- Red Rock Resorts price target lowered to $52 from $61 at Susquehanna
- Red Rock Resorts price target lowered to $50 from $57.50 at BofA
- Red Rock Resorts price target raised to $49 from $48 at Morgan Stanley